Why Adobe Stock Is Down 35% So Far in 2022
Adobe (NASDAQ: ADBE) shares are trailing a weak market this year. The stock declined 35% through the first half of 2022, according to data provided by S&P Global Market Intelligence, compared to a 21% drop in the broad-market S&P 500 index.
That slump doesn't look as bad when you add some context. Over the last three years, the software specialist's stock is modestly outperforming the market's 28% increase, after all. And Adobe is in good company among major cloud services providers -- Microsoft and Amazon are also underperforming the market in 2022.
Yet Adobe's share price decline also reflects a few company-specific worries about its short-term growth potential.
Source Fool.com